Post
Topic
Board Economics
Re: Why the price of bitcoin rapidly going down
by
Webetcoins
on 31/05/2018, 23:10:13 UTC
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

Yes, Bitcoin is temporary. Bitcoin prices are going down fast because there are so many rumors about recent Bitcoin being heard. France and South Korea banned Bitcoin As a result, other countries are afraid of bitcoin. As a result, Bitcoin prices are much lower in the current market. Which is $ 8K below. Which is a bit disappointing for Bitcoin users. Moreover, Bitcoin is a currency. It is normal to increase the price of bitcoin. If we look at the record of 2017, we can understand how much the price has increased. In particular, in the end of 2017. But the prices are very low in early 2018. Some people think that the prices of other types of currency are increasing. It may be said that everything is going to be reduced bitcoin. But very soon the bitcoin will become valuable.

I think you really need to check the market closer and more carefully. In the past years and even just in the past couple of months, there have been so many changes, ups and downs and movements that have contributed to the rapid rise and fall of Bitcoin value that, right now, people who have actually observed it has been used to that. It's just how the market works, and so, if you would not find a good strategy to help you go by when the market is not doing good, then it would be hard for you to survive in this market.
The price of Bitcoin suddenly fell down when 2017 shifted to 2018 and this fall continuously brought the value from about 25k to 7k dollar and we saw a little progress in this interval when the value started improvement from 7k dollar to 9.5k dollar and gained stability at this stage. Now this value with little fluctuations is stable between 7k dollar and 9k dollar. The market is favorable for new investors and this market will soon shift to a green market as demand is increasing in these days because people want to take benefit of the market in order to get coins on low price.